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as advancing rebels prepare for talks with the government. 4 die when a russian airplane crashes onto the highway in moscow. >>> for 13 days, doctors had fought to keep her alive but her injuries were too severe. now the six men accused of gang raping the 23-year-old woman in india are being charged with murder. she was thrown from a moving bus after being assaulted. thousands of people have called for more to be done to protect indian women against sexual violence. from new delhi, we have this report. >> they came and the hundreds to mourn the young woman brutalized and to show their anger to lawrence the authorities who have not year -- show their anger towards the authorities. the chief minister had already described it as a shameful moment for india, but that did not spare them the rest of the crowd. >> we need to do something because we have too much on the establishment and they have let us down. >> the government has been trying to put off protesters by sealing off large parts of the city and closing off metro stations. hundreds of armed police and riot troops are on duty. but
the government. >> people there are calling for help. they want france to intervene, demonstrating outside the embassy. but no one can step in. >> generally speaking, ifer there, it's not to protect a regime but to protect our citizens and our interests. the rebels call themselves the coalition. they once belonged to armed groups that signed a peace accord in april 27, in exchange for financial support. five years later, the firefighters say the government has not honored the due they have been marriaging towards the capital to meet their demands. >> the situation is calm because we've been through this cycle several times before. >> the firefighters have advanced rapidly since launching the current offensive on december the 10th. they've captured four capitals, including the mining hub and just on tuesday the western town. they're reportedly close to the capital city. fearing an all-out fight, many civilians have left their homes. >> they flee to their field which means -- fields, which means they go there without minimal water. dire conditions. the republic -- every individual there is i
>> syrian government forces bombarded the city. there's no russia-u.s.-backed peace plan on the table. this is al jazeera, live from our headquarters in doha. an assassination that shocked the world. five years after the death of benazir bhutto, are we any closer to knowing who killed her? president obama cutting short his holiday to take up the financial fight in washington. plus -- >> in central kenya, this is one of the last remaining northern white rhinos in the world. new technology could help protect it. >> welcome to the program. i wish there was a plan, words from the man trying to broker a peace deal in syria. international envoy lakhdar brahimi made the comments in the last few hours at the end of a trip to syria. he met with representative poe representatives from both sides. >> some have come here to market a russian-american project. i wish there was a russian- american project. hence, i did not come here to market it. >> the syrian government delegation led by the country's deputy foreign minister has been in russia for talks. he was reportedly sent to mosco
cpi would change the way the federal government calculate inflation. which could possibly save the government $300 billion over the next decade if implemented. normally every year, wages and prices go up. the consumer price index, the cpi measures how much they go up by tracking a basket of goods that americans typically buy. it's important, it's used to calculate cost of living adjustments on social security. checks pay a little more each year in line with inflation, as calculated by the cpi. now one potential flaw in the system, cpi assumes people don't change their basket of the price of meat goes up. they don't switch from meat to chicken because the price of beef has gone up. they don't switch from say, arugula to iceberg lettuce, it doesn't account for how behavior changes. chained cpi presents a chained basket of goods, measuring how people react to price changes, not simply the fact that prices have changed. now chained cpi would account for fact that you're buying more chicken when beef is too expensive. that could result in a slower rate of inflation, it saves the gov
the federal government calculates inflation, which could stave federal government $300 billion over the next decade if implemented. the consumer price index measures how much they go up by tracking a basket of goods that americans typically buy. this is important because it's used to calculate cost of living adjustments and social security. checks pay a little more each year in line with inflation as calculated by that consumer price index. now, one potential flaw in the system, consumer price index assumes people don't change their basket, if, say, the price of meat goes up. in other words, they don't switch from meat to chicken because the price of beef has gone up. they don't switch from, say, arugula to, i don't know, iceberg lettuce. it doesn't account for how behavior changes. chain consumer price index creates a chain basket of goods to measure inflation more accurately. it's measuring how people react to price changes not simply the fact that heiss pryces have changed. chained cpi could result in a slower rate of inflation over time, saves the government money on those cost of lifg a
whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2 billion. why? >> remember the industry said we're all about reducing carbon dioxide. that was the whole argument. now it shifted we create jobs argument. if congress does not extend production tax credit we'll lose 37,000 jobs. they might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. gerri: it doesn't work that well. 84% fail to produce electricity when the demand is great. as a solution to our energy problems how would you rate it? >> it is not a solution and it is wholly dependent on electric utilities and electric generation that can be dispatched. we can't count on wind. when demand is highest wind output is generally at its lowest. that's a big problem. gerri: iron
"our form of government has no sense unless it is founded in the deeply felt religious faith and i do not care what it is." he received a much ridicule from his cultured despise years. his professed indifference to the major of the religious faith. it is the first part of the statement that deserves continuing attention. certainly many americans, perhaps the majority of them, agreed that democracy or at least our democracy, which is based on a belief in natural rights, presupposes religious faith. people believe this that all people are endowed by their creator with certain unalienable rights. there are two separate propositions that are pertinent to any consideration of the role of religion in american politics. one is an empirical question. is it a fact that the success of a democracy requires a religious people governing themselves by religious norms? the second question is a question of logic. does belief in america as distinctive and democracy, a limited government whose limits are defined by the natural rights of the government, do those entail religious beliefs? regarding the e
"newsline." shinzo abe is getting down to the business of governing japan for the second time. he says his new cabinet is taking all the challenges the country faces, including a sluggish economy and last year's disaster. abe explained in his news conference his cabinet is designed to overcome the crisis. he says reviving the economy is a top priority. >> translator: a strong economy is the basis of japan's power. reviving a strong economy is essential to japan's future. my cabinet will carry out bold financial policies, well-timed fiscal policies and a strategy to encourage private investment toward economic growth. my cabinet will carry out these economic policies and achieve results. >> are prime minister abe says he and his minister also devote energy to foreign policy. he says they will strengthen diplomatic and security policies. >> translator: we should rebuild our diplomacy to protect our national interests. we are facing many challenges in our relations with china, south korea and even with the united states on which japan's security is based. strengthening japan/ize lie yans is t
-fire between government and rebel forces.o >> there are many other organizations that do medical care and food provisions. never enough. what is new here is civilians protecting civilians. >> ifill: itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. >> we'll hock the person to buy our bread. if you believe the headlines, then we're sunk. greece downgraded deeper into junk. >> ifill: that's all ahead on tonight's newshour.n >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy, productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: much
profiles a group of peacekeepers struggling to maintain a fragile cease-fire between government and rebel forces. itn's john sparks reports on police officers in china, and their accusations of widespread corruption by local officials. and jeffrey brown samples the poetry about greece's financial woes and its austerity measures. that's all ahead on tonight's newshour. >> major funding for the pbs newshour has been provided by: the election commission in egypt confirmed today the new constitution won nearly 64% of the vote in a referendum. the panel also reported turnout was just a third of the country's 52 million registered voters. president mohammed morsi and his muslim brotherhood backed the draft constitution. opponents warned it paves the way for islamic rule and curbs on civil liberties. the six persian gulf arab nations demanded an end to what they called iranian interference. they issued a statement today at the end of the gulf cooperation council's annual summit. the statement gave no details. the six u.s. allied countries, also called for swift international action to end the bl
and government will find "patriots debate" worth their time. thank you all for coming. i would like to thank our authors or contributed essays and to a get to debate these topics extemporaneously in public square. the structure, the first hour will be conducting the debates on a relatively formal basis. first several war and then we can put questions and the note cards on your seat spirit of will take the committee for the event and turn things back over to my friend and co-editor. >> a living example of will we love to see which is that someone interested in national security law is undergraduate and the committee that will produce documents better able to be used for teaching purposes and then we hope one day we will end up in law school perhaps with an attorney. thank you for everything you've done. the logic, the framework as follows, the first part of the book deals with the war on terrorism demand utility second power which has a debate. homegrown terrorism which is a debate. in the interrogation issue which is a debate for abrams. and been moved to an area we thought, part two, very big i
acts and other, government properties and government records so people can follow. >> yes, two house committees controlled by the republicans are now investigating the richard windsor issue. i hope they will ask that question. how widespread is this illegal practice? who else has been doing it? let's see those records. there needs to be a wide spread investigation here. and i hope that the republican controlled house of representatives will do a good job of it. tom: i don't even know how do you, that they are not looking around at outside e-mails this is almost a paula brad broadwell, getting someone else involved. finding out where are the e-mails. >> i think it is clear the obama administration, and remember president obama promised his would be the most transparent transparent administration is mystery, we will need cabinet secretaries and other high obama appointees before a commity and swear them, take their testimony under oath where they have used the secret e-mail acouncil account to evad. tom: talking about fact maybe now that president will include west virginia in the co
to avoid the fiscal cliff as the government starts taking steps to buy more time before the u.s. hits the debt ceiling. the yen hits a two-year low against the dollar as the new japanese government battles to weaken currency. exports are rising, pushing the nikkei to its strongest gain in 20 years. .shares of toyota are heading higher after the u.s. settled a class action lawsuit. the $1 billion payment is already priced in. okay. welcome to "worldwide exchange." plenty of news to watch out of washington. all of this week, we thought it would be a quiet one. but i won't be inside the beltway if they want to get something done. the u.s. will hit the $16.4 trillion debt ceiling come monday. in a letter to congressional leaders, geithner says treasury will begin taking steps to save the government about $2 billion. geithner says it's harder to predict a time frame because the ongone fiscal cliff talks make it difficult to forecast next year's budget. among the measures treasury will take including suspending state and local government securities and investments in the federal employee pe
conditions, does the government have the rule and saying you need to ensure preexisting conditions? >> guest: yes, but she don't want to join the premium below the cost of care because the insurance company isn't going to want you and is going to treat you poorly. so what we recommend is being able to ensure an advance against preexisting conditions so if you have to pay a higher premium on insurance that pays a higher premium. but also we need affordable insurance. we don't have it dandruff on the care. if you own your own insurance, take a job to job. >> host: the employer system, is it time to not be the system? >> guest: i believe in free markets. employers do what they need to do. but let's have a level playing field. once in every state make it illegal for the employer to buy for employees insurance they can take with them for the next job. we need to abolish laws, turn everything around and encourage affordable insurance. >> host: what is the argument in favor of having it divided by states? >> guest: i can't think of any argument i find persuasive. you want to buy insurance across st
of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra had demonstrations as well. protesters took to the streets waving flags and signs. they chanted slogans demanding fair treatment from the baghdad regime, and the release of sunni prisoners. shi-ite prime minister nouri al-maliki said the demonstrations were not acceptable. the government of china imposed tighter controls on internet usage today. now, china's 500 million web users will have to provide their real names when they register for internet service. and providers must delete any web content deemed illegal, and report it to authorities. leading writers and bloggers insisted it's a new way for china's communist leaders to censor their critics. >> ( translated ): since the internet came into china, the chinese government has been repeatedly imposing restrictive measures, such as shielding, blocking and banning. it has even spent billions of dollars to build a firewall against overseas sites.
>> anti-government protests continued in iraq as sectarian divisions continue to deepen. hello, and welcome to al jazeera live from doha. these are our top stories. a desperate syrian father tells us why he tried to kill his own child during his escape to lebanon. 's plans be aware, china posse to force them to reveal their names. the deaf -- the members accused of the death of an gresham lawyer has been acquitted. -- russian lawyer has been acquitted. >> thousand people are in the streets in iraq to protest against the government. now, these are live pictures. the minority sunni moslem community accusing the she opera minister nora al-maliki of discrimination and refusing to share power. this is the live pictures out of northern iraq. our correspondent joins me now from the town of ramadi. the protests are very large and are continuing. they seem to have blocked a key highway. how do you assess the size of the crowds in relation to what they are demonstrating about? >> i think the rumble of the crowd is very big because the picture you are seeing is one angle. the other side o
of security among the population. right now we are relying upon congolese government to provide as security. in afghanistan, we've got a questionable partner in the karzai government. that has been difficult. we have a less than credible partner in the congolese government. in afghanistan, we have gone through these stabilization operations as an alternative way to provide security at the local level with the villages, communities, whereby we have been providing some arms and training to the local population there so that they can provide their own security. obviously, the karzai government has been opposed to that. are there any opportunities for any alternative strategies, given the nature of the in theese government any d drc, mr. affleck? >> i will yield to an expert fellow panelist year, but one of the -- the basic issue, and one that will go a long way and that i alluded to earlier, climbing some influence to president -- are applying some influence to president kabila so that payment is made to his troops. if there was one stroke of automatically improve people's lives, that would do
is a lower price again companies trying to have to pay the government more money. gerri: let's talk about 201 201n what we might expect. expectations over the place. citigroup predicted stocks 14% next year, morgan stanley 1%. where do you fall? >> i'm probably up at 4% or 5%. not expecting that great of a year as far as the end of the year. i think it will be pretty bumpy the beginning of the year while this all gets worked out and people reevaluate the landscape ofds everything. gerri, i will comment on the numbers you threw out there. this scares me people are so positive. i don't want to spike the eggnog, but the fact there is not one person or one bank that says the market will be down next year frightens me a little bit. gerri: wells fargo says the market will be down 2%. but they're the only ones to sae it. a lotbo of optimism but we have beenbe in this bull market for a long time it v has been very strong. people start that in the same thing happen over and over again. is that what you see your fellow strategists make? >> sometimes, you chase the returns and end up getting in at the l
less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of the webster new york neighborhood set ablaze christmas eve have been allowed to return back to their homes. they say exconflict william spangler set the fire as a trap to lure firefighters to their death before turning the gun on himself. four were struck with bull lels, two survived and are in stable condition. >>> somber christmas day in newtown, connecticut. volunteers took three-hour shift to ensure 26 candles stayed lit at candle light vigil. it was filled with snow covered teddy bears, flowers and toys. two tv news hosts have a little explaining to do on the topic of gun control. that's later in the grapevine. up next, is the federal government shirking duty when it comes to public input about
. back in 2003, i got medicaid payments by the government to help the state's struggling with their medicaid costs. $20 billion will able to spread across the states to help them because they were unable to meet the rising costs. in 2017, they're going to have a larger share of the costs. we need that is taken care of. they did not know what the cost was. they put a number in as a place holder and it looked like i was doing something for my state when i wasn't. i was trying to get it for all the states. that is what happened. i wanted to get it knocked out -- if people wanted an opt out. the supreme court gave that. this got used against me as though i was trying to do something i should not have. i was not. the interesting thing is i was asked to do this by the nebraska governor. i did not get a thank you from another governor, who was from another state. >> during that time, you experienced the radio talk-show host circuit and the cable tv circuit. what was that time like and what do you think the echo chamber in american politics today does? >> it is a difficult thing
the exchange, leaving it up to the federal government government to implement exchanges. the president's health care law was so unpopular when the president signed it into law and it remains absolutely that two years later. apparently nancy pelosi was right about the obamacare program, at least when she uttered these now infamous words, calling for passage of the legislation. >> we have to pass the bill so that you can find out what is in it. away from the father of the controversy. lou: is getting rid of obamacare so one option for republicans? we will talk with legal analyst peter johnson on the way forward. also, the worsening political crisis in egypt. splitting egypt between those who want the islamic state, governed by sharia law, and those who oppose it. andrew boston this year. the professor and the author of the new book "sharia versus freedom." in the nation's credit rating is at risk. serious proposals to reduce the deficit and really end our national debt. potentially, a significant blow to the obamacare controversial o contraceptive mandate. the eighth circuit court of appeals in t
. the government spends more than 11 billion every day . you will be shock to see what they spend most of that on. it is a new series called the cost of spending next this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white ristmas [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sympto. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. cele
because only part of the country voted on saturday. the other governates will vote next saturday. what we know. turnout seems to have been relatively light, maybe as low as 30 or 35 percent. the results that have been released so far indicate that slightly over half of those voting support or approve the constitution, the draft constitution -- 56-1/2 percent according to figures i saw this morning. i have to note that this includes -- the voting on saturday included the largest urban centers in egypt -- cairo and alexandria. the voting next saturday will include more of the rural areas of the country, and in the pre- vote handicapping it was expected that we would see a higher negative vote, a higher no vote in the urban areas where the political opposition is more mobilized and a higher yes vote on the referendum in rural areas where the brotherhood, it's been demonstrated over the last couple of years, has been able to turn out more of its own supporters. now, there's been a lot of focus on how this constitution was drafted and how we got to this referendum. i think the events of the la
basically raise money to cover eight days of government spending, but you know, david and adam, we've had the letter from nancy pelosi. do you really believe it was a ploy to smoke out the republicans? because nancy pelosi in her letter is equating millionaires to big oil, special interest and corporations. why doesn't the g.o.p. capitalize on that they really want middle class tax hikes when they're talking about raising taxes on the 250,000 plus crowd >> well, i think speaker boehner and the republicans in the house would be able to get some democrats support for the millionaire tax increase which i don't think they did enough of and they had to call off that vote as we all know on that plan. but some democrats would support something like that, but we're talking here about the leadership speaker-- minority leader pelosi and you know, she, because now it's republicans proposing it, now they seem to be backing away. they might be able to get some conservative leaning or moderate democrats to support something like that. and the president, as we know, the white house has signaled they wou
we are going to have to get eight bigger truck. that's what the government is trying to do. borrow the way out of debt. it is impossible . it never worked in the history of the world . dr. art's curve works every single time. >> we are up against the end of the show. we have kelly wright and healther childers. play us out in the new year or satted afternoon with your song all of the gold in california . thank you for watching and here is it larry gatlin. >> never was appropriate. ♪ all the gold in california. ♪ is in a bank in the middle of beverly hills in somebody else's name. >> a fox news alert. senate leaders now holding crucial fiscal cliff talks on capitol hill rushing to come up with a last ditch agreement to avoid deep spending cuts and year end tax hikes affecting the lives of every american, i'm kelly wright. >> i'm heather childers in for jamie colby. the 11th he hour scramble after a crucial meeting on friday, between president obama and the leaders of the house and senate and urged lawmakers to urge them to do whatever it takes to cut a deal. >> i'm modestly opti
with the gold standard. now, what could the greek government have done? two greek prime ministers. one from 2004 to 2009. in greece, greece has had experience with that since 1974 after the expiration of parliamentary democracy. government, regardless of which party is in government, the accelerator to create some kind of flimsy growth, at some point it became clear that we had a cliff. our debt situation would get too much. and then we would hit the brakes. austerity. which creates increased unemployment. but nevertheless, the debt was manageable. they did this up until 2004. 2004 was accelerated because of the olympics. the next government should have stopped it. but unfortunately government is government. government kept the foot firmly on the accelerator. why? because german capital was flowing to the country at cheap rates, financing ponzi schemes. it is just like the subprime market here where people were coerced to take loans that could not afford. similarly in greece. so, you had executives coming to greece, bribing politicians. the greek government -- they did not listen. then 2008. the
back to the mid-1950s has ever cut government spending. we continued to add spending every year, both parties guilty. why should that change? why should anyone watching us right now believe anybody in washington's going to be fiscally responsible? >> adam, it's the right question, and that's dwr i said a minute ago, we need a big deal. if it's a smaller deal, remember, we got to go to the debt ceiling discussion and some of the other trigger points and make sure we get the savings and the entitlement reform and the things we need to get this deficit and debt under control. it's about getting the economy on track and also getting the deficit under control. adam: you are a moderate, highly popular in the state of north dakota, and you have compromised with both sides on these issues, but the vast majority of the public looks at congress, all of you, the house of representatives and the senate looking at you guys with disgust. is that coming across in the halls of the capitol? do the people there understand what the people out here, the 310 million of us consider when we think about the
of their recruiting. >> they realize this but it would be hard for any government agent to say i'm going to support a buy polar agent who is sleeping with an as lamb i can radical. >> in some ways it highlights those things more in terms of one person. through the whole journey of frost nixon, his relationship which garn in a small theater in london, then broadway, then a movie. the very first preview performance of frost nixon in a theater in london, the entire back row was lawyers, the third preview david there was having been given the all clear or told you should go see it yourself and he was shaken by it to begin w. for a man who is incredibly generous and warm and positive and supportive of everything, i think he felt very confused by how he should react to this. and as the whole thing went on as it started to become clear this was going to be a massive hit in terms of the play and the theater version of it, he started to get behind it because he's a very good business man and he started to go, well, okay, there is a certain amount of this i don't believe actually happened and is not true and
that is so bloated? why is that so radical? >> they are trying to secede from the u.s. government. >> get out of here. don't be so intellectually dishonest. get out of here. >> okay. >> i always have this test. if you are staying in a hotel and you have to share a bathroom with somebody who would you rather a tea party supporter or occupy wall streeter? >> i would need a raid pretension tent. >> bill will be back on january 2 for the start of the factor new season. please remember the spin stops here because we're looking out captioned by closed capt services, inc. >> sean: and this is a fox news alert. earlier today in a pathetic last minute effort to avoid the nation falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the president raced to the microphones and said the following after this meeting. watch. >> i just had a good and constr
don't want toyite yait a government? why is that so radical? >> they're coming up with crazy ideas every day. >> please, get out of here. get out of here. >> yes. okay. >> i have this test if you're like staying in a hotel and have to share a bathroom who would it be? a tea party supporter or occupy wall streeter? >> i would say tea party. >> if i had occupy, boy need a rape prevention kit. there are tons of raid cals and idiots as i call them. >> thanks for watching tonight. i'm greg gut feld. bill will be back for the start of the factor's new season january 2. please remember, the spin stops here because we're looking out for you. captioned by closed capt services, inc. >> sean: and this is a fox news alert. earlier today in a pathetic last minute effort to avoid the nation falling off the fiscal cliff president arnold palmer took a mini break from the golf schedule to summon congressional leaders to the white house. a last minute mini deal could be struck before the end of the year that would preserve tax cuts for the middle class and preserve unemployment benefits. the preside
? >> the views of a top chinese government leaders is to have great confidence in the u.s. economy. they have made those statements to the top american leaders that have gone, all the way from vice president biden, and xi jinping met with president obama in february of last year. they expressed great confidence in united states. they're always asking about how the recovery is going. they believe that we will get our fiscal house in order. they know how dependent they are, and that is why they want a strong -- >> to the understand the internal struggle between the president and congress? >> i think they're starting to understand that more and more. the ambassadors to have our government officials about studied. united states -- they have are government officials who have studied in the united states. the congress does not necessarily speak for the president. >> he said something quite interesting. he said he could not understand why the u.s. government should have three branches, in effect three governments within a government because it was difficult to get stuff done. [laughter] he was right
go into effect. those come in gradually and they could come in more gradually if the government officials thought there was going to be a deal and they better hold off. the real uncertainty i think is what the markets will do. we look like a country that isn't in control of its own destiny, because we're acting that way right now. if you're an investor, whether you're in some part of the united states or you're in some other part of the world, do you really want to buy american securities? do you want to invest in a country whose government isn't functioning? i don't think so. we could get a big market reaction, drop in the stock market. that might scare people. >> how quickly do you -- >> but it would also be a bad thing. in itself, it would contribute to the possibility of having another recession. >> how quickly do you think we'll feel tremors from the debt ceiling now that the treasury is beginning to talk about avoiding it. >> i think we're seeing uncertainty about absolutely everything. it's cumulative, it's the debt ceiling, it's the fiscal cliff, it's what taxes are goin
reports on the military and government failings in the war in afghanistan. nancy gives him an editor at large and michael duffy, executive editor for time magazine chronicle the relationship between the u.s. presidents in the president's club in side the world's most exclusive fraternity. political commentator kevin phillips recounts what he believes was the most important year of the american revolution which was 1775, a good year for revolutions. for an extended list of links to various publications, 2012 novel book selections visit the book tv website, booktv.org or our facebook page facebook.com/booktv . >> up next on book tv, richard wolff and david bersamian talk about our economic crisis and argue that it can be traced back to the 1970's when our economic system shifted from benefiting a vast majority of americans to one which mostly benefits only the very rich. this is about an hour-and-a-half. [applause] >> good to see you will hear. let's cut quickly to the chase. what is it and the dna of capitalism that makes this so unstable? >> since the beginning of economics as a disc
love this, as opposed to letting the government do it. we he don't need the government to do this. this is what americans can do. stuart: you've got the last word on me there, mark lanier, very good, very good. you walk away from your 227 million, mark, have a wonderful new year. >> thank you. stuart: a massive storm, serious stuff here, big storms through the u.s., high winds, snow, everybody came down and stranding a lot of travelers across the country and dumping inches of snow in some cities, actually feet in some areas. roadways in the northeast covered with snow, again, two feet of snow in some areas. big delays in a lot of airports. big headaches for holiday travelers, that storm is blamed for the at least six deaths. if congress and the president can't come up with a plan and we dive on that fiscal cliff, look what would happen to the average federal taxpayers, the average taxpayer is roughly 50,000 bucks a year and that person would pay a extra, 1238 per year in taxes. in fact, every taxpayer would pay more if we go over that cliff. clearly, that would be a hit to the ove
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